Financial Performance - In 2015, the total revenue was CNY 30,079,377,071.43, a decrease of 0.20% compared to 2014[17] - The net profit attributable to shareholders was CNY 367,365,167.01, down 25.28% from the previous year[17] - The basic earnings per share decreased to CNY 0.90, a decline of 25.62% from CNY 1.21 in 2014[19] - The total profit for the year was CNY 438 million, representing a significant decrease of 25.83% compared to the previous year[35] - The company reported a net profit margin of 12%, up from 10% in the previous quarter[145] - The company reported a net loss of 12,043,425.01 in the current year, which is a concern for future profitability[199] Cash Flow - The net cash flow from operating activities was CNY 422,386,380.83, a significant increase of 461.86% compared to 2014[17] - The company reported a net cash flow from investment activities of -39.726 million RMB, an improvement of 68.19% from the previous year[46] - The company’s cash flow management strategies have led to a positive net cash flow from operating activities, indicating improved operational efficiency[193] - Cash flow from operating activities generated a net cash inflow of CNY 422,386,380.83, a recovery from a net outflow of CNY -116,725,543.32 in the previous year[191] - The net cash flow from financing activities was CNY -79,307,150.21, an improvement from CNY -271,863,475.49 in the previous year[191] Assets and Liabilities - The total assets at the end of 2015 were CNY 12,060,188,795.31, an increase of 2.83% from the previous year[18] - The company's total liabilities as of December 31, 2015, were RMB 7,222,405,141.69, compared to RMB 7,138,545,298.94 at the start of the year, indicating an increase of about 1.18%[179] - The total equity attributable to shareholders of the parent company reached RMB 4,782,255,092.55, up from RMB 4,561,187,771.38, representing a growth of approximately 4.84%[179] - The company's cash and cash equivalents decreased to RMB 2,789,869,936.87 from RMB 3,735,580,853.21, a decline of about 25.3%[177] - The total current assets increased to RMB 8,251,696,880.12 from RMB 7,758,625,604.62, marking an increase of about 6.35%[177] Business Operations - The company opened 238 retail outlets across various regions, including Chongqing, Sichuan, Guizhou, and Hubei[27] - The company has initiated new business ventures, including a financial services platform and cross-border e-commerce initiatives[31] - The company plans to close several underperforming stores in 2016, including the Chongqing Linjiang Mall and New Century Diaoyu City Mall[58] - The company has implemented a multi-supplier strategy for fresh goods to mitigate supply interruption risks[64] - The company aims to strengthen its leading position in the southwestern region, focusing on strategic expansion in Chongqing and surrounding areas to enhance overall store efficiency and innovate retail business models[81] Shareholder and Governance - The company plans to distribute a cash dividend of CNY 2.80 per 10 shares, totaling CNY 11,382.80 million[2] - The cash dividend policy has been revised to ensure transparency and protect the rights of minority investors[88] - The company is committed to maintaining operational independence from its controlling shareholder, ensuring separation in personnel, finance, and operations[93] - The company has established a salary scheme for senior management, which was approved by the board and employee representative assembly[169] - The company’s governance structure complies with the requirements of the China Securities Regulatory Commission[159] Risks and Compliance - There were no significant risks or violations of decision-making procedures reported during the year[4] - The company is actively resolving issues related to non-compliant property usage and is committed to ensuring stable operations[98] - The company faced a lawsuit regarding a customer death incident, with a compensation amount of CNY 114,516.09 awarded by the court[103] - The company is currently awaiting the execution of a court ruling regarding the employee misappropriation case[105] - The company’s integrity status during the reporting period was deemed good, with no significant issues reported[108] Market Trends - The online retail market in China grew by 33.3% in 2015, indicating a shift in consumer purchasing behavior[28] - The company reported a year-on-year decrease in sales for the supermarket segment in the Guizhou region of 14.48%[59] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[145] - The company reported a total of 4,583,187 members aged 21-60, accounting for 90.09% of total sales, while members aged 20 and below numbered 55,802, contributing 1.45% to sales[67] - The company has opened stores outside of Chongqing in Sichuan, Guizhou, and Hubei provinces, but must adapt to local consumer preferences and build a suitable supply chain[85]

Financial Performance - Operating revenue for the first nine months reached CNY 22,597,214,792.81, a 1.72% increase year-on-year[8] - Net profit attributable to shareholders decreased by 19.92% to CNY 383,543,459.23 compared to the same period last year[8] - Basic earnings per share decreased by 20.34% to CNY 0.94[9] - The weighted average return on equity decreased by 2.61 percentage points to 8.18%[9] - The net profit attributable to the parent company decreased by 19.92% to approximately CNY 383.54 million compared to the previous period[16] - The company's operating profit for the first nine months of 2015 was CNY 100.71 million, down from CNY 124.43 million in the same period of 2014[36] - The company reported a total operating cost of CNY 22.17 billion for the first nine months of 2015, an increase from CNY 21.66 billion in the previous year[33] - The company's total operating revenue for Q3 2015 was approximately CNY 2.79 billion, an increase of 25.8% compared to CNY 2.22 billion in the same period last year[36] - The net profit for Q3 2015 was a loss of CNY 31.49 million, compared to a loss of CNY 12.29 million in Q3 2014[36] - The total profit for Q3 2015 was a loss of CNY 37.24 million, compared to a loss of CNY 14.44 million in the same quarter last year[36] Assets and Liabilities - Total assets increased by 3.63% to CNY 12,153,073,624.72 compared to the end of the previous year[8] - Total liabilities increased to ¥5,494,085,251.38 from ¥5,431,320,630.03, indicating a rise of 1.2%[30] - Short-term borrowings increased by 57.89% to CNY 300,000,000.00 compared to the beginning of the year[14] - The company reported a significant decrease of 39.63% in financial assets measured at fair value, totaling CNY 429,808,767.12[13] - The company reported an increase in prepayments to approximately CNY 1.86 billion, attributed to the growth in the scale of Apple brand products[15] Cash Flow - Cash flow from operating activities improved significantly, with a net cash inflow of CNY 268,547,228.09 compared to a net outflow of CNY 123,471,822.16 in the previous year[8] - The net cash flow from operating activities increased by 317.50% to approximately CNY 268.55 million, driven by increased sales and procurement differences[20] - The net cash flow from investing activities surged by 650.65% to approximately CNY 606.75 million, mainly due to the maturity of time deposits[20] - Cash inflow from operating activities for the first nine months was 25,219,442,377.73 CNY, an increase from 24,270,015,822.51 CNY year-over-year[40] - The net cash flow from investment activities was 606,747,372.96 CNY, recovering from -110,186,904.92 CNY year-over-year[41] - The ending cash and cash equivalents balance was 3,199,112,571.63 CNY, up from 2,500,318,295.21 CNY year-over-year[41] Shareholder Information - Net assets attributable to shareholders increased by 5.16% to CNY 4,796,348,340.88 compared to the end of the previous year[8] - The number of shareholders reached 19,853 by the end of the reporting period[11] - The total equity attributable to shareholders rose to ¥4,796,348,340.88 from ¥4,561,187,771.38, reflecting an increase of 5.2%[30] Investment and Expenses - Financial expenses increased significantly by 1533.57% to approximately CNY 33.73 million due to a decrease in time deposits leading to lower interest income[16] - Investment income rose by 406.78% to approximately CNY 25.17 million, primarily from the receipt of structured deposit income[16] - The company's sales expenses for Q3 2015 were CNY 338.14 million, an increase of 28.5% from CNY 262.84 million in Q3 2014[36] - The company's investment income for Q3 2015 was CNY 25.10 million, a notable increase from CNY 0.37 million in the same quarter last year[36] Future Plans - The company is planning a major asset restructuring involving the injection of non-listed enterprises into the company for overall listing[21]

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 16,105,020,198.09, a decrease of 1.04% compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 419,265,360.95, reflecting a decline of 1.05% year-on-year[17]. - Basic earnings per share for the first half of 2015 were CNY 1.03, a decrease of 0.96% from the same period last year[19]. - The total profit for the same period was CNY 493 million, down 2.35% year-on-year, with net profit attributable to the parent company at CNY 419 million, also down 1.05%[26]. - The weighted average return on net assets was 8.83%, down 0.46 percentage points year-on-year[19]. - The company reported a net cash flow from operating activities of CNY 156.62 million, a significant increase of 143.35% compared to the previous year[26]. - The company reported a total of 85,321,243.22 CNY in related party transactions during the reporting period[61]. - The company distributed a cash dividend of CNY 3.65 per 10 shares, totaling CNY 148.38 million, based on a total share capital of 406,528,465 shares[47]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 11,303,970,307.17, down 3.61% from the end of the previous year[18]. - Total current assets decreased from ¥7,758,625,604.62 to ¥7,316,385,121.80, a decline of approximately 5.7%[86]. - Total liabilities decreased from ¥7,138,545,298.94 to ¥6,411,213,484.82, a reduction of approximately 10.2%[88]. - Total equity increased from ¥4,589,189,126.89 to ¥4,892,756,822.35, an increase of about 6.6%[88]. - The company's retained earnings increased from ¥2,951,373,336.64 to ¥3,222,255,807.86, an increase of about 9.2%[88]. Cash Flow - The cash flow from operating activities showed a significant improvement, with a net amount of CNY 156,621,381.12, compared to a negative cash flow of CNY -361,318,317.02 in the previous year[17]. - Cash inflow from operating activities totaled CNY 17,514,773,853.59, compared to CNY 17,111,990,496.70 in the previous year, reflecting a growth of 2.4%[98]. - The net cash flow from operating activities was CNY 156,621,381.12, a significant recovery from a net outflow of CNY 361,318,317.02 in the same period last year[100]. - The total cash and cash equivalents at the end of the period increased to CNY 2,628,351,150.27 from CNY 2,334,204,789.25, marking a growth of 12.6%[100]. Investments and Subsidiaries - The company holds a 30% stake in Mashang Consumer Finance Co., with an initial investment of CNY 90 million, reporting a loss of CNY 14,535,472.65 during the reporting period[38]. - The company’s subsidiary, Chongqing Qingsong Logistics Co., reported a net loss of CNY 452.09 million during the reporting period[44]. - The company’s subsidiary, Chongqing Shangsuo Information Technology Co., reported a net profit of CNY 59.51 million during the reporting period[44]. - The company has 237 operational outlets, making it the largest commercial enterprise in terms of scale in the Chongqing area[35]. Related Party Transactions - The company purchased goods from Chongqing Shongbai Food Development Co., Ltd. amounting to 8,402,694.31 CNY at market price[60]. - The company sold electrical appliances to Chongqing Shongbai Investment Co., Ltd. for 13,487.18 CNY at market price[60]. - The company engaged in daily related party transactions with Chongqing Shongbai Group Co., Ltd., totaling 36,224,100.64 CNY[60]. - The company has commitments to maintain operational independence from Chongqing Shongbai Group, ensuring separation in personnel, finance, and operations[65]. Corporate Governance and Compliance - The company has implemented internal control systems and improved corporate governance in accordance with regulatory requirements[73]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[120]. - The company adheres to the enterprise accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, changes in shareholders' equity, and cash flows[122]. Legal Matters - Ongoing litigation includes a case involving employee fund misappropriation with a compensation amount of CNY 2.47 million[53]. - A lawsuit regarding a rental contract dispute resulted in a compensation judgment of CNY 3.75 million against the company[56]. - The company was ordered to pay CNY 9.62 million in damages related to another rental contract dispute[58]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,768[77]. - The largest shareholder, Chongqing Commercial Society (Group) Co., Ltd., held 183,069,658 shares, representing 45.03% of the total shares[79]. - Chongqing Commercial Society (Group) Co., Ltd. reduced its holdings by 19,948,155 shares during the reporting period[79]. - The second-largest shareholder, Agricultural Bank of China - Fortune CSI State-Owned Enterprise Reform Index Fund, increased its holdings by 5,641,380 shares, totaling 6,576,831 shares, or 1.62%[79].

Financial Performance - Operating revenue decreased by 6.91% to CNY 8,907,296,201.62 year-on-year[5] - Net profit attributable to shareholders increased by 3.36% to CNY 327,532,509.71[5] - Net profit for Q1 2015 reached CNY 140,669,671.52, representing an increase of 26.1% from CNY 111,505,201.77 in Q1 2014[38] - The company's total profit for Q1 2015 was CNY 166,325,718.59, an increase of 26.6% from CNY 131,382,371.44 in Q1 2014[37] - Total operating revenue for Q1 2015 was CNY 3,890,279,886.05, a slight decrease of 0.03% compared to CNY 3,897,481,488.81 in the same period last year[37] - Total operating costs for Q1 2015 were ¥8,531,164,724.53, down 7.2% from ¥9,197,751,745.38 year-over-year[34] - Operating profit for the period was CNY 165,638,314.80, an increase of 27% compared to CNY 130,580,151.05 in Q1 2014[37] Cash Flow - Net cash flow from operating activities improved by 117.15% to CNY 78,279,956.80 compared to the same period last year[5] - Cash flow from operating activities generated a net inflow of CNY 78,279,956.80, a significant recovery from a net outflow of CNY 456,550,834.41 in the same quarter last year[42] - Net cash flow from operating activities was ¥159,178,816.42, a significant improvement from a net outflow of ¥60,237,703.72 in the previous period[45] - Total cash inflow from operating activities increased to ¥4,087,051,966.68, up from ¥3,689,454,689.42, representing a growth of approximately 10.8%[45] - Cash received from other operating activities increased to ¥303,347,268.43 from ¥156,532,198.10, a growth of about 93.6%[45] Assets and Liabilities - Total assets decreased by 2.32% to CNY 11,455,557,835.94 compared to the end of the previous year[5] - The total current assets as of March 31, 2015, amounted to CNY 7,487,047,577.97, a decrease of 3.49% from CNY 7,758,625,604.62 at the beginning of the year[26] - The total liabilities decreased from CNY 7,069,654,660.56 to CNY 6,471,487,669.03, indicating a reduction of approximately 8.46%[27] - Total assets as of March 31, 2015, amounted to ¥9,558,418,012.88, a decrease from ¥9,575,233,992.89 at the beginning of the year[32] - Total liabilities as of March 31, 2015, were ¥5,273,834,978.50, down from ¥5,431,320,630.03 at the start of the year[32] Shareholder Information - The number of shareholders reached 18,077 at the end of the reporting period[7] - The largest shareholder, Chongqing Commercial Society Group Co., Ltd., holds 49.94% of the shares[7] Investment Income - Investment income increased by 416.86% to CNY 11,346,051.23 compared to the previous period[11] - Investment income increased due to the receipt of structured deposit income[12] Financial Expenses - Financial expenses increased by 237.05% to CNY 15,028,737.22 due to reduced interest income from structured deposits[11] - The company incurred financial expenses of CNY 3,122,910.26, a notable increase from a financial income of CNY 952,295.52 in the same period last year[37] Inventory and Cash Equivalents - The inventory level decreased significantly from CNY 1,830,856,732.96 to CNY 1,504,743,789.11, a decline of about 17.83%[26] - Cash and cash equivalents decreased to CNY 3,522,732,064.27 from CNY 3,735,580,853.21, reflecting a decline of 5.69%[26] - The company's cash and cash equivalents increased to ¥1,937,938,640.83 from ¥1,907,453,681.13 at the beginning of the year, reflecting a growth of 1.6%[30] - Cash and cash equivalents at the end of Q1 2015 totaled CNY 2,745,098,975.28, an increase from CNY 2,405,422,066.15 at the end of Q1 2014[43] Related Party Transactions - The company has no current related party transactions that harm the interests of shareholders[17] - The company is committed to maintaining independence from Chongqing Shanshe Group in operations, finance, and business[17] Compliance and Legal Matters - The company has committed to resolving property usage irregularities and ensuring compliance with legal requirements[22] - The company has not faced any significant adverse effects due to property ownership documentation issues, ensuring business continuity[22] - The company is actively seeking to mitigate any potential disputes related to property leasing through negotiations and alternative arrangements[21] - The company is focused on strengthening risk management and control regarding property assets in future operations[22] Dividend Policy - The company has a long-term dividend plan in place, as outlined in the announcement from October 30, 2012[23] Share Transfer Commitment - Chongqing Shanshe Group has committed to not transferring shares for 36 months following the completion of the transaction[19]

Financial Performance - The total profit for 2014 was CNY 590.36 million, with a net profit attributable to shareholders of CNY 491.66 million, representing a decrease of 39.93% compared to the previous year[2]. - The company's operating revenue for 2014 was CNY 30.14 billion, a decline of 3.94% from CNY 31.38 billion in 2013[24]. - The net cash flow from operating activities was negative CNY 116.73 million, a significant decrease of 136.93% compared to the previous year's positive cash flow[24]. - The total assets at the end of 2014 were CNY 11.73 billion, down 4.24% from CNY 12.25 billion at the end of 2013[24]. - The company's net assets attributable to shareholders increased by 3.67% to CNY 4.56 billion compared to CNY 4.40 billion in 2013[24]. - The proposed cash dividend for 2014 is CNY 3.65 per 10 shares, totaling CNY 148.38 million for all shareholders[2]. - Basic earnings per share were CNY 1.21, representing a 44.75% decrease compared to CNY 2.19 in 2013[32]. - The net profit attributable to the parent company was CNY 492 million, a decline of 39.93% year-on-year[32]. - The total profit for the year was CNY 590 million, down 38.98% from the previous year[32]. Revenue and Sales - In 2014, the company achieved operating revenue of CNY 30.14 billion, a decrease of 3.94% compared to CNY 31.38 billion in 2013[36]. - Department store revenue decreased by 5.39%, supermarket revenue decreased by 7.54%, while electrical appliance revenue increased by 1.14%[39]. - The company’s revenue from the Sichuan region increased by 9.29%, while revenue from the Chongqing region decreased by 6.01%[54]. - The company is in the early stages of developing new businesses such as e-commerce and cross-border e-commerce, which have not yet significantly impacted revenue and profit[40]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Shangshe Xinke and Shangshe Electronics, impacting the financial statements due to adjustments in the consolidated balance sheet[26]. - The company completed the acquisition of 100% equity in Chongqing Shansha Information Technology Co., Ltd. and Chongqing Shansha Electronic Sales Co., Ltd., making them wholly-owned subsidiaries[62]. - The company made a total of 289.18 million yuan in equity investments during the year, with a year-on-year increase of 80.58%[61]. - The company invested 90 million yuan to hold 30% of the registered capital in Chongqing Ma Shang Consumer Finance Co., Ltd., which has a total registered capital of 300 million yuan[61]. Cash Flow and Financial Management - The net cash flow from operating activities was negative CNY 116.73 million, a decline of 136.93% compared to the previous year[37]. - The company’s cash and cash equivalents decreased by 29.63% compared to the previous period, amounting to 373.56 million yuan[55]. - The company’s investment activities generated a net cash inflow of 83.40% compared to the previous period, due to the transfer of some fixed deposits to current accounts[46]. - The company reported a cumulative usage of raised funds amounting to RMB 59.74 million, with a net interest income of RMB 3.17 million from bank deposits[71]. Strategic Initiatives - The company launched online trading platforms "Shiji Gou" and "Shiji Xiu" in September and October 2014, marking a significant step in e-commerce[32]. - The company established a joint venture for smart home business and obtained direct supply qualifications from Samsung, enhancing sales scale and gross profit[33]. - The company is expanding its market presence in the southwestern region of China, aiming to become the largest and most efficient retail group in that area[76]. - The company is focusing on supply chain improvements and exploring new business models, including financial services, to create new profit growth points[77]. Governance and Compliance - The company has revised its profit distribution policy to ensure transparency and protect the rights of minority shareholders, allowing for a diversified approach to returning value to investors[85]. - The company has committed to actively implementing its cash dividend policy in line with its financial situation to provide reasonable returns to investors[85]. - The company has outlined its commitment to maintaining compliance and transparency in its financial practices, ensuring the protection of shareholder interests[85]. - The governance structure complies with the requirements of the Company Law and the Securities Law, ensuring transparency and protection of shareholder rights[193]. Legal Matters - The company has faced several legal disputes, including a case involving employee fund misappropriation and another regarding property infringement, which have been disclosed in interim reports[89]. - The company is involved in a legal dispute with Chongqing Dashing Asset Management Group Co., Ltd., claiming damages of 3.75 million yuan for unilateral contract termination[97]. - The company has ongoing litigation related to labor compensation claims, with one case involving a total claim of 247,000 RMB for damages due to an injury sustained during work[95]. - The company has ongoing litigation regarding lease agreements with multiple parties, impacting its financial obligations[98]. Employee and Management Structure - The total number of employees in the parent company is 9,263, while the main subsidiaries employ 13,215, resulting in a total of 22,478 employees[186]. - The total compensation paid for outsourced labor amounted to 23,019.76 thousand yuan, indicating a significant year-on-year increase[191]. - The company has a diverse board with members holding various positions, including independent directors and supervisors, contributing to governance[175]. - The company has seen changes in its board composition with several members departing and new appointments made[175]. Future Outlook - The company plans to achieve a revenue target of 32,082 million RMB and a total profit of 663 million RMB for 2015, indicating a growth strategy focused on improving operational quality and efficiency[77]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 12%[177]. - New product launches are expected to contribute an additional 200 million yuan in revenue over the next fiscal year[177]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[177].

Financial Performance - Net profit attributable to shareholders decreased by 20.34% to CNY 485,591,916.11 for the first nine months of the year[8]. - Operating revenue for the first nine months decreased by 6.39% to CNY 20,684,845,935.17 compared to the same period last year[8]. - The weighted average return on equity decreased by 6.43 percentage points to 10.84%[8]. - Total operating revenue for the period (July-September) was CNY 5,537,829,248.53, a decrease of 9.05% compared to CNY 6,086,708,945.32 in the same period last year[40]. - Net profit for the period was CNY 57,968,884.25, a decline of 57.5% compared to CNY 136,234,620.72 in the same period last year[42]. - Total profit for the period was CNY 68,680,740.82, a decrease of 57.3% from CNY 160,708,663.78 year-on-year[42]. - Earnings per share (EPS) for the period was CNY 0.14, down from CNY 0.37 in the same period last year[42]. - Investment income for the period was CNY 367,712.40, a significant drop from CNY 4,713,764.41 in the same period last year[42]. Asset and Liability Changes - Total assets decreased by 4.42% to CNY 10,954,759,504.64 compared to the end of the previous year[8]. - Total current assets decreased from ¥8,095,363,648.27 at the beginning of the year to ¥7,240,175,977.59, a decline of approximately 10.6%[32]. - Total liabilities decreased from ¥7,055,154,964.15 to ¥6,320,155,636.78, a reduction of approximately 10.4%[34]. - Total equity increased from ¥4,405,617,569.09 to ¥4,634,603,867.86, an increase of about 5.2%[34]. - Non-current assets increased from ¥3,365,408,884.97 to ¥3,714,583,527.05, an increase of approximately 10.4%[33]. - The company’s retained earnings increased from ¥2,774,658,629.17 to ¥2,996,007,043.03, an increase of about 8.0%[34]. Cash Flow and Investment Activities - Cash flow from operating activities showed a significant decline of 108.17%, resulting in a net outflow of CNY 25,795,516.38[8]. - Operating cash inflow for the first nine months of 2014 was CNY 21.64 billion, a decrease of 8.5% compared to CNY 23.65 billion in the same period last year[48]. - Net cash flow from operating activities for Q3 2014 was -CNY 25.80 million, a significant decline from CNY 315.89 million in Q3 2013[49]. - Total cash outflow from operating activities for Q3 2014 was CNY 21.66 billion, down from CNY 23.33 billion in Q3 2013[49]. - Cash and cash equivalents at the end of Q3 2014 stood at CNY 2.44 billion, a decrease from CNY 2.53 billion at the end of Q3 2013[50]. - Net cash flow from investment activities for Q3 2014 was -CNY 108.13 million, an improvement from -CNY 676.33 million in Q3 2013[49]. - Total cash inflow from investment activities for Q3 2014 was CNY 1.44 billion, compared to CNY 2.37 billion in Q3 2013[49]. - Cash outflow from investment activities for Q3 2014 was CNY 1.55 billion, down from CNY 3.04 billion in Q3 2013[49]. Shareholder and Market Information - The number of shareholders reached 22,287, with the top ten shareholders holding 82.67% of the total shares[11]. - The company raised a total of RMB 597.4152 million from the non-public offering, which has been fully utilized to supplement working capital[21]. - The company has not sold any shares from the non-public offering during the commitment period[22]. - The company has made a long-term dividend plan, details of which can be found in the announcement dated October 30, 2012[25]. Operational Independence and Compliance - The company is committed to maintaining operational independence from Chongqing Commercial Group, ensuring separation in personnel, finance, and operations[18]. - Chongqing Commercial Group is actively reducing and regulating related party transactions with the company, adhering to legal procedures for disclosure[18]. - There are no current competitive business operations by Chongqing Commercial Group that conflict with the company's main business[19]. - New Horizon Capital and associated entities are fulfilling their commitment to disclose information as required by law[20]. - Chongqing Commercial Group has committed to bear any losses arising from tax issues prior to the introduction of New Horizon Lakeview[20]. - The company is actively addressing issues related to property rights and ensuring compliance with regulations to avoid operational disruptions[24]. - The company has not faced any significant adverse effects from the lack of complete property ownership documentation[24]. - The company has committed to maintaining normal operations and mitigating any adverse impacts from potential disputes regarding leased properties[23]. Government Subsidies and Impairment Losses - The company recognized government subsidies amounting to CNY 5,506,516.65 for the year-to-date[10]. - Asset impairment losses decreased significantly by 137.24%, from ¥7,021,095.75 to -¥2,614,926.82[15]. - Investment income dropped by 71.61%, from ¥12,909,272.76 to ¥3,665,136.71[15]. - Non-operating expenses decreased by 45.35%, from ¥15,666,980.54 to ¥8,561,894.92[15]. Expense Management - Sales expenses increased to CNY 790,587,407.70, up 8.0% from CNY 732,196,233.08 in the same period last year[40]. - Management expenses rose to CNY 219,764,251.79, an increase of 25% compared to CNY 175,940,744.21 in the same period last year[40].

Financial Performance - In 2013, the company achieved a total profit of CNY 954.02 million, with a net profit attributable to shareholders of CNY 806.01 million, representing a year-on-year increase of 16.48%[8]. - The company's operating revenue for 2013 was CNY 30.19 billion, reflecting a growth of 7.28% compared to 2012[26]. - The net profit attributable to the parent company was CNY 8.06 billion, with earnings per share of CNY 2.16, reflecting a growth of 16.76%[32]. - The company reported a net profit of CNY 790.33 million after deducting non-recurring gains and losses, which is a 16.33% increase from the previous year[26]. - The total revenue for the company was CNY 29,241,858,817.81, representing a year-on-year increase of 6.79%[48]. - The gross profit margin for the year was supported by a 5.41% increase in operating costs, which totaled CNY 25.21 billion[35]. - The gross margin for the department store segment increased by 0.88 percentage points to 16.09%[48]. - The company reported a cash dividend of CNY 6.50 per 10 shares for 2013, with a payout ratio of 32.78% of the net profit attributable to shareholders[78]. Assets and Liabilities - The total assets of the company at the end of 2013 were CNY 11.46 billion, an increase of 4.15% from the previous year[26]. - The net assets attributable to shareholders reached CNY 4.38 billion, marking a significant increase of 32.55% year-on-year[26]. - The company’s financial leverage improved, with a 7 percentage point reduction in the debt-to-asset ratio following a successful capital increase[33]. - The inventory at the end of the period was CNY 1,832,785,979.42, representing 15.99% of total assets[48]. - The total amount of guarantees provided by the company to its subsidiaries during the reporting period was CNY 483.62 million[100]. Cash Flow - The net cash flow from operating activities decreased by 61.18% to CNY 428.47 million in 2013[26]. - The net cash flow from operating activities decreased by 61.18% due to increased payments to employees and taxes[44]. - The investment cash flow increased by 66.20%, primarily due to changes in fixed deposits[44]. Strategic Development - The company completed the acquisition of 100% equity in Qingrong Logistics, increasing its own warehouse capacity by 85,000 square meters[33]. - The company’s strategic development plan initiated in March 2013 aims to enhance market competitiveness amid industry changes[38]. - The company plans to distribute a cash dividend of CNY 6.50 per 10 shares, totaling CNY 264.24 million to shareholders[8]. - The company expects to achieve a revenue of CNY 32.666 billion and a total profit of CNY 1.02 billion in 2014, with the addition of 12 new outlets[70]. - The company aims to maintain its leading position in the Southwest region, focusing on strategic expansion in Chongqing and surrounding areas to enhance overall store efficiency[69]. Market and Competition - The retail industry is highly competitive, with pressures from both domestic and international retailers, as well as the rapid growth of e-commerce affecting traditional retail operations[73]. - The company has opened stores outside Chongqing in Sichuan, Guizhou, and Hubei provinces, facing risks related to consumer preferences and supply chain adjustments in new regions[74]. - The company is committed to innovation in retail business models and technology to differentiate itself from competitors and avoid homogenization[69]. Corporate Governance - The company has maintained a governance structure that complies with the requirements of the Company Law and the China Securities Regulatory Commission[163]. - The company has established effective communication channels with shareholders to ensure their rights to information and participation in major decisions[163]. - The company has created a comprehensive insider information management system to protect shareholder rights and ensure fair information disclosure[166]. - The board of directors has approved a dividend payout of 0.5 CNY per share, reflecting a commitment to returning value to shareholders[145]. Employee and Management - The total number of employees in the parent company is 9,490, while the total number of employees in major subsidiaries is 14,236, resulting in a combined total of 23,726 employees[157]. - The total compensation for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 824.12 million yuan[154]. - The company has established a comprehensive training plan aimed at developing a high-performance team to meet operational needs and employee development[160]. Legal and Compliance - The company has no significant contract disputes during the reporting period, and all contracts were performed normally[102]. - The company has committed to various undertakings related to shareholding and asset restructuring, ensuring compliance until specified deadlines[104]. - The company has not incurred any losses due to tax issues related to the restructuring before the introduction of New Horizon Lakeview[108]. Future Outlook - The company provided a future outlook projecting a revenue growth of 12% for the next fiscal year, driven by new product launches and market expansion strategies[145]. - The company plans to expand its market presence by opening 20 new stores across key urban areas in the next year[145]. - A strategic acquisition of a local competitor is anticipated to enhance market share and operational capabilities, with an estimated cost of 300 million CNY[145].

Financial Performance - The company's operating revenue for the first half of 2014 was ¥15,147,016,686.64, a decrease of 5.39% compared to the same period last year[22]. - The net profit attributable to shareholders was ¥427,707,539.09, down 9.63% year-on-year[22]. - Basic earnings per share decreased by 17.32% to ¥1.05 compared to the same period last year[23]. - The weighted average return on equity decreased by 4.14 percentage points to 9.49%[23]. - The company achieved operating revenue of RMB 15.15 billion in the first half of 2014, a decrease of 5.39% year-on-year[28]. - Net profit for the period was RMB 428 million, down 9.63% compared to the previous year[28]. - The company experienced a decrease in comprehensive income, totaling RMB 429.81 million, down from RMB 475.37 million year-on-year[98]. - The net profit for the current period is RMB 427,707,539.09, a decrease from RMB 473,225,386.44 in the same period last year, representing a decline of approximately 9.6%[106]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at ¥287,257,144.30, a significant decline compared to the previous year's positive cash flow[22]. - Operating cash flow turned negative at RMB -287 million, a significant decline from the previous year's positive cash flow[31]. - Cash flow from operating activities showed a net outflow of RMB 287.26 million, compared to a net inflow of RMB 18.76 million in the same period last year[102]. - The total cash inflow from operating activities included 7,112,526,280.47 RMB from sales, an increase from 6,380,953,214.28 RMB year-over-year[104]. - The ending cash and cash equivalents balance was 1,077,538,551.02 RMB, down from 1,183,332,347.04 RMB in the previous year[104]. - The company reported a total cash and cash equivalents balance of RMB 2.29 billion at the end of the period, down from RMB 2.40 billion at the end of the previous year[102]. - The company has a total of 2.16 billion RMB in fixed-term deposits included in its bank deposits, which are not considered cash equivalents for cash flow statement purposes[170]. Assets and Liabilities - The total assets decreased by 11.83% to ¥10,104,723,929.82 compared to the end of the previous year[22]. - The total liabilities and equity decreased from RMB 11,460,772,533.24 to RMB 10,104,723,929.82, a decline of about 11.8%[93]. - The company's total liabilities decreased from RMB 7,055,154,964.15 to RMB 5,533,538,946.21, a decrease of approximately 21.5%[93]. - The total equity attributable to shareholders increased from RMB 4,381,747,001.27 to RMB 4,545,211,038.11, an increase of about 3.7%[93]. - The company's retained earnings increased from RMB 2,774,658,629.17 to RMB 2,938,122,666.01, an increase of approximately 5.9%[93]. Investments and Projects - The company signed 8 new outlets with a total area of 81,000 square meters in the first half of 2014[29]. - The company completed 4 financial management transactions totaling RMB 670 million, enhancing cash management efficiency[29]. - The company has several ongoing projects with a total investment of RMB 11,243.19 million, all of which are not yet operational[49]. - The company has a plan to ensure that any competitive business opportunities are first offered to the listed company before being pursued by Chongqing Commercial Group[65]. - The total budget for various engineering projects amounts to 635,291,014.85 CNY, with significant contributions from self-owned funds[198]. Shareholder Information - Total number of shareholders at the end of the reporting period is 19,823[82]. - The largest shareholder, Chongqing Commercial Group Co., Ltd., holds 49.94% of shares, totaling 203,017,813 shares[82]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders accounting for over 64%[82]. - The company has committed to not transferring shares held by Chongqing Commercial Group for 36 months following the transaction registration[84]. Compliance and Governance - The company has not faced any penalties or corrective actions during the reporting period, indicating a stable governance structure[73]. - The company has committed to maintaining a robust risk management framework regarding property assets[70]. - The company has confirmed that there are no disputes or claims regarding the leased properties, ensuring uninterrupted business operations[69]. - The company has engaged Tianjian Accounting Firm for financial and internal control audits for the year 2014[72]. Accounting Policies and Practices - The financial statements are prepared based on the going concern assumption and comply with the requirements of the enterprise accounting standards[115][116]. - The company uses RMB as its functional currency for accounting purposes[117]. - Revenue from sales of goods is recognized when the risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured[157]. - The company recognizes interest income based on the time and actual interest rates for the use of its funds by others[158]. Related Party Transactions - The company reported a total of CNY 60,650,717 in related party transactions during the reporting period, which are considered routine business activities[55]. - The commitment to reduce and standardize related party transactions is being fulfilled, with all transactions strictly following legal procedures and timely information disclosure[63]. Legal Matters - The company is involved in multiple ongoing lawsuits, including a compensation case totaling CNY 573,700 related to a workplace death[50].

Financial Performance - Operating revenue increased by 2.19% to CNY 9,028,952,843.55 year-on-year[9] - Net profit attributable to shareholders increased by 4.80% to CNY 313,936,390.11 compared to the same period last year[9] - Total operating revenue for the current period reached ¥9,028,952,843.55, an increase of 2.4% compared to ¥8,835,127,080.50 in the previous period[41] - Net profit for the current period was ¥315,095,757.88, compared to ¥300,854,118.04 in the previous period, indicating a growth of 4.7%[42] - Operating revenue for Q1 2014 reached ¥3,897,481,488.81, an increase of 15.6% compared to ¥3,371,682,806.44 in the same period last year[44] - Net profit for Q1 2014 was ¥111,505,201.77, down 63.3% from ¥303,528,846.09 in Q1 2013[45] Assets and Liabilities - Total assets decreased by 7.24% to CNY 10,630,610,069.32 compared to the end of the previous year[9] - Total liabilities also decreased to ¥5,932,256,248.27 from ¥7,077,514,470.07, representing a reduction of about 16.1%[34] - The total current assets decreased to CNY 7,047,718,949.41 from CNY 8,095,363,648.27, indicating a reduction of about 12.93%[32] - Inventory levels decreased to CNY 1,496,621,217.88 from CNY 1,832,785,979.42, reflecting a decline of approximately 18.35%[32] - Accounts receivable increased by 41.92% to CNY 55,562,866.17 due to increased sales on a post-sale payment basis[15] Cash Flow - Net cash flow from operating activities decreased by 33.06% to CNY -416,195,057.51[9] - Cash and cash equivalents at the end of Q1 2014 totaled ¥2,351,777,481.08, a decrease from ¥2,171,989,520.07 in the same period last year[50] - The company reported a net cash outflow from operating activities of ¥416,195,057.51, compared to a net outflow of ¥312,778,868.60 in the previous year[49] - Investment activities generated a net cash inflow of ¥23,583,851.52, a significant improvement from a net outflow of ¥322,817,110.40 in Q1 2013[53] Shareholder Information - The number of shareholders reached 16,896, with the largest shareholder holding 49.94% of the shares[14] - The long-term dividend plan is outlined in the company's announcement dated October 30, 2012, ensuring a commitment to shareholder returns[30] Related Party Transactions - The company is actively reducing and regulating related party transactions with Chongqing Shangshe Group, ensuring no harm to the rights of other shareholders[23] - The company has no current competition with Chongqing Shangshe Group and is committed to avoiding any future competition[24] Investment and Construction - The company increased its construction in progress by 205 million yuan for the Hechuan Zhongao project[19] - The company has committed to not using the proceeds from its non-public offering for real estate development or financial investments, ensuring compliance with regulatory requirements[26] - The company raised CNY 59,741.52 million from its non-public offering, which has been fully allocated to supplement working capital[26] Financial Management - Financial expenses decreased by 98.35% to CNY 6,487.33, attributed to increased net interest income[18] - Investment income decreased by 40.41% to CNY 2,195,169.83 due to reduced interest from recovered entrusted loans[18] - The company experienced a 31.85% decline in non-operating income, totaling CNY 3,227,722.34, primarily due to a decrease in government subsidies received[18] Compliance and Risk Management - The company is actively managing its property assets to mitigate risks and ensure compliance with regulations regarding property usage[30] - The company has committed to addressing any potential disputes regarding property leases to ensure continued business operations[28] - The company has not faced any significant adverse impacts from property ownership issues, maintaining operational stability[29]